1.In the termsocial marginal costs,to whom doessocialrefer?

Group of answer choices

society as a whole minus the direct transaction participants

society as a whole

only direct transaction participants

only those who are affected but are not direct transaction participants

2.The minimum wage is a __________ imposed by the __________.

Group of answer choices

price ceiling; private sector

price floor; private sector

price ceiling; federal government

price floor; federal government